Investors are keeping their eye on gastroenterology, cardiology and orthopedics, according to McDermott Health’s “2023 Physician Practice Management” report.
According to the McDermott Health report, gastroenterology has high utilization of evaluation and management codes, which increased for 2021. Medicare ASC payments for colonoscopies with lesion removals and colonoscopies and biopsies are expected to increase in 2023, according to VMG Health’s “ASCs in 2022: A Year in Review” report. These factors put the specialty in an advantageous spot for growth in 2023.
Cardiology is the fastest growing ASC specialty, according to Avanza’s “2022 Key ASC Benchmarks and Industry Figures” report. As more cardiology procedures get approved to be performed in outpatient settings, the specialty could become more popular among ASCs and investors.